Granite Construction - GVA Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GVA shares.
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1 brokers have issued 12-month price targets for Granite Construction's shares. Their GVA share price forecasts range from $50.00 to $50.00. On average, they anticipate the company's share price to reach $50.00 in the next twelve months. This suggests a possible upside of 85.5% from the stock's current price.
View analysts price targets for GVA or view top-rated stocks among Wall Street analysts.

Granite Construction's stock was trading at $38.70 at the start of the year. Since then, GVA stock has decreased by 30.3% and is now trading at $26.96.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our GVA earnings forecast.

Granite Construction Incorporated (NYSE:GVA) posted its quarterly earnings results on Thursday, October, 28th. The construction company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.82 by $0.09. The construction company had revenue of $1.06 billion for the quarter. Granite Construction had a net margin of 0.85% and a trailing twelve-month return on equity of 5.06%. During the same quarter last year, the business earned $0.90 earnings per share.

Granite Construction announced a quarterly dividend on Thursday, September 15th. Shareholders of record on Friday, September 30th will be given a dividend of $0.13 per share on Friday, October 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for GVA.

Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.86%. The dividend payout ratio is 94.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GVA will have a dividend payout ratio of 17.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.

4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Granite Construction's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank of Montreal Can (4.95%), State Street Corp (3.96%), William Blair Investment Management LLC (2.31%), Franklin Resources Inc. (2.02%), Bernzott Capital Advisors (1.74%) and Northern Trust Corp (1.17%). Insiders that own company stock include Claes Bjork, Desai Jigisha and Kyle T Larkin.
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Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GVA stock can currently be purchased for approximately $26.96.

Granite Construction (NYSE:GVA) has a market capitalization of $1.19 billion and generates $3.01 billion in revenue each year. The construction company earns $10.10 million in net income (profit) each year or $0.55 on an earnings per share basis.

The company employs 3,300 workers across the globe.

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for the company is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at ronald.botoff@gcinc.com, or via fax at 831-761-7871.